After dropping the price of the Standard Range Model Y last week by $2000, Tesla has decided to remove the trim level from its online configurator. Currently, the only two versions of the Model Y available on sales presently are the AWD Long Range and Performance versions. Tesla drops the prices of the Long Range versions of the Model Y and Model 3 by $1000 to $50,190 and $47,190 separately. The normal Range Model 3 is still available for purchase.

Tesla reduces prices for the Standard Range versions of its two lowest-cost models, the Tesla Model 3 and Model Y, with the new prices showing on Tesla’s website yesterday. The Tesla Model 3 now starts at $38,190, a drop of $1000 from the previous price of $39,190. The Standard Range Model Y encountered a deeper $2000 cut in price and now starts at $41,190 versus the previous price of $43,190.

Electric vehicles fetch more expensive prices compared to gasoline-powered vehicles. But as the technology keeps growing, prices have been coming down and are expected to reach similar prices with internal-combustion vehiclesassoonas2023, according to experts. Meanwhile, Tesla can be expected to undercut one another on the price to get potential buyers to purchase their electric vehicles.

Standard Range Tesla Model 3 and Model Y are on balance with Chevy’s offering of 259 miles and 250 miles of range on the Bolt electric vehicle and Bolt EUV. The now cheaper Standard Range version of the Tesla Model 3 and Model Y have ranges of 263 miles and 244 miles respectively. The price on the sticker of the vehicle is the price the customers have to pay. Meanwhile, Tesla increased the prices of the Performance version of the Tesla Model 3 and Model Y.

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